The Polish zloty strengthened against the US dollar on Wednesday after the nation's Central Bank decided to raise interest rate by 25 basis points to 4.25 percent. Analysts had expected the Central Bank to retain rate at 4 percent.

The zloty advanced to a 4-day high of 2.7085 against the greenback by 8:15 am ET and the pair held steady thereafter. The dollar-zloty pair that was worth 2.7239 at Tuesday's close is currently quoted at 2.7170. On the upside, the domestic unit may find target around the 2.70 level.

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